N

Nifty50

Technical Analysis – Nifty 50 (1-Hour)

Short-term

Nifty50

1 day ago

Nifty is currently trading within a descending channel pattern, indicating a short-term bearish structure with lower highs and lower lows. Price is now attempting a bounce from the lower boundary of the channel.

A move towards the upper trendline (~23,000–23,100 zone) may act as immediate resistance. Until a breakout above the channel occurs, the broader intraday trend remains weak.

Ongoing geopolitical (war-related) uncertainty, volatility may remain elevated, leading to sharp moves on both sides. Such conditions often result in false breakouts or sudden reversals, especially near key levels.

Resistance (Channel Top): ₹23,250–₹23,350
Support (Channel Bottom): ₹22,400–₹22,500

Outlook:


Short-term trend remains bearish within the channel. A decisive breakout above the channel is required to shift momentum, while failure to sustain may continue the downward bias. Traders are advised to remain cautious and monitor price action closely.

Comment your suggestions

Loading comments...

Posted by

VITHULDAS

Moderator

1 day ago

Disclaimer

Investment in the securities market are subject to market risks, read all the related documents carefully before investing.

The materials and information presented do not constitute financial, investment, trading, or professional advice endorsed or provided by Enrich Money. For full disclosures, please see ourTerms of Use.

Upcoming Webinars

Loading webinars...

Enrich money logo